Causes
What happened on Black Tuesday?
Stock prices fell and the stock market crashed
25% of Americans were ______ at the peak of the Great Depression
Unemployed
Did the New Deal end the Great Depression?
No
A situation in which people are purchasing fewer goods than the economy is producing
Underconsumption
A situation where more products are being created than people can afford to buy.
Overproduction
Farmers in the Great Plains faced this environmental distaster during the Great Depression forcing many of them to migrate west?
The Dust Bowl
This New Deal program provided jobs to young men by having them work on environmental conservation projects like planting trees and building trails.
Civilian Conservation Corps (CCC)
A series of domestic programs, public work projects, and financial reforms and regulations enacted by President Franklin D. Roosevelt
New Deal
Buying stock by paying for only a percentage of the stock and borrowing the rest of the money from a broker or the bank
Buying on Margin
This term describes makeshift shantytowns built by homeless people during the Great Depression, often named to mock the president at the time.
Hoovervilles
This new deal program aimed to provide assistance to retirees and the unemployed
Social Security
government or private social services intended to aid disadvantaged groups
Social Welfare
What was the main contributor to banks failing between 1930 and 1933?
People lost trust in the banks and tried to withdraw their money
According to surveys conducted in the 1930s, as many as one in five children in New York endured _________ at the peak of the Depression.
Malnutrition
This New Deal program provided jobs to artists, writers, and actors as part of its broader efforts to create employment for Americans.
Works Progress Administration (WPA)
A financial crisis in which a large number of customers simultaneously attempt to withdraw their money from a bank out of fear that the bank will close
Bank Run
How did the government contribute to the cause of the Great Depression?
Raises taxes on imported goods
Charities and religous organizations ran these to try and help during the Great Depression?
Soup kitchens or breadlines
The Banking Act of 1933 created the Federal Deposit Insurance Corporation (FDIC) to do what?
Protect bank deposits and restore trust in the banking system
Aid, in the form of money, goods, or services, that a government provides to those in need
Public Assistance